https://www.cnbc.com/2018/08/27/us-...-after-powell-signals-further-rate-hikes.html LOL! Canada is next. Remake trade on the continent so that America doesn't suffer. MAGA MAGA MAGA!
What deal? "Trump announces 'understanding' on U.S.-Mexico trade" https://www.axios.com/nafta-us-mexi...ump-5359f85f-a1b2-4a1f-a2fc-582c337631bb.html There is no deal. And given Trump's track record thus far, there will never be a deal. But you Trumpies should go ahead an celebrate. It'll make your misery more satisfying. Obama already made America great, now you are boy is trying to take credit while blowing up the deficit and still falling short.
Wish I could give this 100s of likes. This is exactly what I keep telling my GOP friends, but it falls on deaf ears unfortunately.
LOL.. OBAMA MADE AMERICA GREAT! HAHAHAHAHAHAHHAA... oh my god my sides hurt... HAHAHAHAHAHA... Dance on Ellen and you get all the kudos from the meat grinder masses..
Using your standards, he did. Look at the unemployment rate, look at the stock market, do the numbers and tell us all who did better. Or post some irrelevant bullshit and run away.
Incredibly low interest rates Monetized debt Other than a year or so of lower payroll tax ( If I recall the name) Obama's policies hurt the almost guaranteed recover the economy was destined to have once it escaped the recession / depression.
I get what you are saying completely - but majority public perception credits Trump and not Obama. And no reasonable person would disagree that there have been many, many headlines and soundbites from practically every CEO in the S&P 500 lauding the new Trump Administration corporate tax treatment. But yes the equity markets indeed had an impressive long term recovery under the Obama administration. But there remained this outstanding reality of a huge dark cloud hanging over US Companies - massive amounts of capital stranded offshore for American Companies. Obama had many corporate and Wall Street donors but he never bothered to address the shit US corporate tax structure during his tenure. So yeah, perception TRUMPS your Obama reality. You indeed have a factual point to a limited extent but indeed Trump is getting the credit. Trump lowered and streamlined the corporate tax structure. Just the revision of the corporate depreciation schedule was a profound sea-change.
The Dow chart is misleading. From election night 2012 to election night 2016 the Dow increased by 38.4%. Since then it's increased 42.1%. Obama inherited a much more difficult situation than Trump. He did a decent job of getting us back to where we needed to be. I was disappointed that we never hit 3% yearly GDP during the recovery phase of the financial crisis, but at least we kept moving in the right direction. Trump has taken a decent situation and excelled. Tax reform and deregulation have spurred the economy. For the first time ever we have more open jobs than candidates to fill them. We're on track to hit yearly GDP numbers many of the experts thought were unattainable now. If you give Obama credit for what he did, you have to also give Trump credit for building on it and taking it to new heights.
Excelled at what exactly? I don't see anything in the numbers. Quarterly GDP numbers hit higher peaks under Obama, as usual people fall for marketing, nobody looks at the numbers. He did excel at one thing though, blowing up the deficit and when the recession hits which it will, even a 2 trillion deficit is possible now.
Toss out the 1st quarter of 2017 because technically it's an overlapping quarter. Through Trump's first 5 full quarters we've averaged 2.88% GDP per quarter. Over Obama's last 5 full quarters we averaged 1.58% GDP per quarter. It looks like we have a very realistic shot of hitting the magical 3% GDP on the year that many thought was impossible now. It sure looks good to me so far. I can't remember the last time I didn't worry about the national deficit, regardless of who the president was.